DAR Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 170,000 shares of stock outstanding. Under Plan II, there would be 120,000 shares of stock outstanding and $1.45 million in debt outstanding. The interest rate on the debt is 8 percent and there are no taxes. Use M&M Proposition I to find the price per share. What is the value of the firm under each of the two proposed plans?